Pakistan Telecommunication Company Limited (PTCL) has marked a defining moment in the evolution of Pakistan’s telecom sector, as it formally completes the acquisition of 100 percent of the issued share capital of Telenor Pakistan and Orion Towers from 31st December 2025 onwards, ushering in a new era of digital enablement and transformation across the country.
Today onwards, Telenor Pakistan and Orion Towers will operate as 100% owned subsidiaries of PTCL, alongside Pak Telecom Mobile Limited (PTML) commonly known as Ufone 4G, and U Microfinance Bank. Telenor Pakistan will continue to operate as a separate legal entity during the transition period, following which PTML and Telenor Pakistan are planned to be integrated as merged entity (MergeCo) in due course of time, subject to regulatory approvals.
PTCL acknowledges the contribution of Telenor ASA to Pakistan’s telecom landscape. As a competitor and industry peer, Telenor played a defining role in elevating service quality and expanding connectivity over nearly two decades. This milestone brings together complementary strengths to create a platform with a stronger focus on customer centricity, broader reach, and accelerated innovation. In the future, the MergeCo will be positioned to expand network capabilities, optimize spectrum resources, and deliver seamless, secure, and digitally enabled services designed around evolving customer needs and aligned with Pakistan’s digital ambitions.
Commenting on the occasion, Hatem Bamatraf, President & Chief Executive Officer, PTCL & Ufone 4G, said: “This is a proud moment for PTCL and a significant milestone for Pakistan’s telecom sector. Our focus remains on delivering a customer-centric, seamless, and high-quality services for improvement in user experience as we bring combined strengths at scale upon completion of regulatory approvals”. He further added, “I warmly welcome our colleagues and want to assure them that this transition is rooted in respect for people, continuity of talent, and thoughtful integration of industry best practices. Together, we will build a stronger, future-ready organization that serves customers better, empowers its people, and advances Pakistan’s digital future.”
With this milestone, we step into a future fueled by innovation, empowering businesses, and individuals alike. This union strengthens Pakistan’s digital economy, connecting millions with superior technology and services. As we soar to new heights, our focus remains steadfast: delivering unmatched customer experiences and boosting digitalization across Pakistan.